Joseph DeNardo Sells Development Site In Irvington For $8.5M With Greg Corbin - Rosewood Realty Group
30 Marker Ridge, Irvington, NY 10533
$8,500,000
$138/SF
Building Size
61,300 SF
Asset Type
Development Site
Closing
Nov 18, 2021
AI
A development site located at 30 Marker Ridge in Irvington has been sold for a total of $8,500,000. The property spans a total of 61,300 square feet with a price per buildable square foot (PPBSF) of $138. The sale of this development site was facilitated by Greg Corbin from Rosewood Realty Group, representing the seller, Joseph DeNardo.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $8,500,000
- Address: 30 Marker Ridge, Irvington
- Market: Irvington
The sale of this development site was successfully negotiated by Greg Corbin from Rosewood Realty Group. Corbin acted on behalf of the seller, Joseph DeNardo, to finalize the deal. The transaction highlights the strong demand for development sites in Irvington's market.
Players
Brooklyn Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93